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AgDay TV Markets Now: Rich Nelson, Allendale, says funds take profits in row crops on Thursday on a better extended weather forecast. What yield is the market trading?
Corn & beans lower on profit taking & improved weather. Wheat mixed awaiting fresh war news. Live cattle consolidate ahead of cash. Hogs mostly lower so is the seasonal rally over? Rich Nelson, Allendale has more.
November soybeans fell 22 cents to $13.98, ending the session below the 10-day moving average and near the session low.
“Producers looking to adopt precision ag technologies need network connectivity that extends far past their residences. They need to be able to make real-time decisions that increase yields,” says Sen. Fischer (R-Neb.).
Politico reports that House Ag Committee member Greg Casar is introducing two new bills, targeting large agricultural corporations that have significant influence on the farm bill reauthorization.
This recent sea of very warm water means cooler land temperatures surrounding the Gulf will be a long time arriving this fall. It even has an implication for Midwest farmers.